Independent Research Firm Rates HCL AXON as a Leader in SAP Implementation

HCL's AXON Acquisition Makes It Compelling Option for Full Life Cycle of Implementation Services

JERSEY CITY, NJ, LONDON, NOIDA, INDIA, DUBAI, UAE, KUALA LUMPUR, MALAYSIA and SYDNEY, AUSTRALIA-(August 28, 2009) - HCL AXON, a division of HCL Technologies Ltd. (HCL), which provides business transformation consultancy and services through the innovative implementation and support of SAP technologies, today announced that it has been named as a leader among SAP implementation providers by Forrester Research in the August 2009 report, "The Forrester Wave™: SAP Implementation Providers, Q3 2009."

HCL AXON, a division of HCL Technologies Ltd. (HCL), which provides business transformation consultancy and services through the innovative implementation and support of SAP technologies, today announced that it has been named as a leader among SAP implementation providers by Forrester Research in the August 2009 report, "The Forrester Wave™: SAP Implementation Providers, Q3 2009."

"Forrester's rating reflects HCL AXON's expanding position as a leader among global SAP implementation providers," said Steve Cardell, President of HCL AXON. "The Forrester Wave report recognizes that the SAP implementation services market is poised for significant growth as more organizations invest in high value implementation projects. We are responding to this opportunity by continuing to help our clients improve their performance through SAP-enabled business transformation programs, cost optimized application management services, new information strategies and executive consulting."

According to the report, authored by Senior Analyst Liz Herbert, "HCL made the most notable leap since Forrester's last evaluation of this market through its acquisition of AXON, which makes it a serious contender across all phases of the SAP implementation life cycle."

Additionally, Forrester noted that "HCL has long had a focus on operational and low-cost services in the SAP space. However, its 2008 acquisition of AXON makes it a compelling option for the full life cycle of implementation services starting with upfront strategy and transformational consulting through to the technical implementation and ongoing support. Key areas of industry focus include utilities, public sector, retail, aerospace and defense and travel and logistics."

HCL AXON offers a complete range of SAP services for large, complex organizations across the globe, including applications management, business consulting, SAP integration services, change management and solutions implementation. The firm specializes in benefits-led engagements where the implementation and optimization of SAP is used to drive real operational improvements. As part of this focus on improving clients' performance, HCL AXON has developed a number of products on the SAP platform that enable organizations to leverage further benefits from their SAP investment; these include iMRO for complex asset maintenance and iLINE for linear asset management. In recognition of this, SAP awarded HCL AXON the Pinnacle award for co-innovation at the recent SAPPHIRE conference in Orlando.

Last year's acquisition of AXON by HCL Technologies created one of the world's largest and most successful SAP implementation and sustainment partners with deep skills across all SAP components and phases of the SAP lifecycle. The unique blend of AXON's blueprinting and realization expertise and HCL's remote application and infrastructure management capabilities has created an organization that can truly deliver benefits led SAP transformation programs while still being able to leverage the benefits of offshore cost arbitrage. Most recently, HCL AXON announced the acquisition of UCS Group's Enterprise Solutions SAP practice furthering its expertise for retail implementations.

Visit online, for more information and an executive summary of The Forrester Wave™: SAP Implementation Providers, Q3 2009 report.

About HCL AXON

HCL AXON (www.hcl-axon.com), a division of HCL Technologies, is a Business Transformation consultancy that delivers significant value to large, complex organizations through the innovative implementation and support of SAP technologies. HCL AXON has over 4,700 of the industry's most experienced SAP professionals specializing in the delivery of sustained business improvement through technology enabled transformation programs. HCL AXON's consultants bring in-depth industry expertise alongside best practice functional and technical knowledge to address the strategic, operational, information management and organizational effectiveness challenges faced by organizations today. HCL AXON is renowned for its global ability to help clients define more ambitious strategies, build more effective organizations and shape more successful futures.

About HCL Technologies

HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on "transformational outsourcing", underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 20 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Aerospace & Defense, Telecom, Retail & CPG, Life Sciences & Healthcare, Media & Entertainment, Travel, Transportation & Logistics, Automotive, Government, Energy & Utilities. HCL takes pride in its philosophy of "Employee First" which empowers our 54,216 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.2 billion (Rs. 10,591 crores), as on 30th June 2009. For more information, please visit www.hcltech.com

About HCL Enterprise

HCL is a $5 billion leading Global Technology and IT Enterprise that comprises two companies listed in India -- HCL Technologies & HCL Infosystems. The 3-decade-old Enterprise, founded in 1976, is one of India's original IT garage start-ups. Its range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises over 59,000 professionals of diverse nationalities, who operate from 20 countries including 360 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit www.hcl.com

Forward-Looking Statements

Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned,' 'expects,' 'believes,' 'strategy,' 'opportunity,' 'anticipates,' 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies / entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.